Natural Gas Perspective

Stakeholder Meeting of theNortheast and Mid-Atlantic States

Regional Low Carbon Fuel Standard

Stephen Leahy

Northeast Gas Association

Boston, MAOctober 22, 2009

Copyright: Northeast Gas AssociationPrepared by: Coler & Colantonio, Inc.January 2009

NORTHEAST GAS ASSOCIATIONRegional Local Gas Utilities’ Service Areas

(CT, MA, ME, NH, NJ, NY, RI, VT)

Heating Fuels by Northeast States

STATE 2007 %

Connecticut Gas, 31.2 Oil, 49.5 Elec., 14.7

Maine Gas, 3.5 Oil, 77.7 Elec., 3.8

Massachusetts Gas, 46.6 Oil, 36 Elec., 13.3

New Hampshire Gas, 20.2 Oil, 53.4 Elec., 7.6

New Jersey Gas, 71.9 Oil, 14.8 Elec., 10.4

New York Gas, 52 Oil, 33.1 Elec., 8.8

Rhode Island Gas, 48 Oil, 40.6 Elec., 7.5

Vermont Gas, 13.9 Oil, 54.1 Elec., 4

This table shows percentages by state of major home heating fuels (natural gas, heating oil and electricity), for the most recent data year of 2007. Not shown here are wood and propane.For the 8-state region, natural gas represented 55% of the market, and heating oil 34%.For New England, heating oil is 46% and natural gas at just below 35%.

Source: U.S. Census Bureau

New Supply / DeliveryPoints

Rockies Express East Pipeline, Nov. 2009

MillenniumPipeline, Dec. 2008

Canaport LNG, June 2009

Northeast Gateway LNG, May 2008

Neptune LNG, Mar. 2010

Marcellus Shale Devl’t, 2008 -

Potentially the largest natural gas field in the U.S.

Prospective area spans NY, PA, OH, WV

Close to major demand markets

Marcellus Shale

Map: Range Resources